||This biographical article needs additional citations for verification. (July 2012)|
19 April 1957 |
|Alma mater||UDCT, Mumbai|
|Occupation||Chairman and Managing Director, Reliance Industries
Director, Bank of America
|Net worth||US$ 21.5 billion (2012)|
|Relatives||Anil Ambani (Brother)|
Mukesh Dhirubhai Ambani (Gujarati: મુકેશ ધીરુભાઈ અંબાણી; born on 19 April 1957) is an Indian business magnate who is the chairman and CEO of the Indian conglomerate Reliance Industries Limited (RIL), a Fortune Global 500 company and India's most valuable company by market value. Mukesh Ambani, the elder son of the founder of Reliance Industries late Dhirubhai Ambani is the largest Shareholder in RIL. He holds a 44.7 percent stake in the company. The Headquarters of RIL is situated in Mumbai, India. The company deals in mainly refining, Petrochemical and oil & gas sectors. Reliance Retail Ltd is a Subordinate firm of RIL. It was founded in 2006 and it is also based in the financial Capital of India i.e. Mumbai. The company is considered as the largest Retailer in the country.
In 2010, he was included in Forbes's list of "68 people who matter most". As of 2013, he is India's richest man and second richest man in Asia. Ambani is listed as the 22nd richest person in the world with a personal wealth of $21.5 billion. He has retained his position as the world's richest Indian for the sixth year in a row. He is a member of the board of directors of Bank of America Corporation and the international advisory board of the Council on Foreign Relations. He is also the chairman of the board of Indian Institute of Management Bangalore, one of the premier business schools in the country.
Mukesh Ambani was born on 19 April 1957 to Dhirubhai Ambani and Kokilaben Ambani. He has a younger brother, Anil, and two sisters, Dipti Salgaoncar and Nina Kothari. The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Dhirubhai then purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Mukesh and Anil lived with their families on different floors.
He attended the Hill Grange High School on Peddar Road, Mumbai, along with his brother and where Anand Jain, his close associate, was his classmate. He received BE degree in Chemical Engineering from the University of Mumbai; Mumbai; University Department of Chemical Technology (UDCT). Mukesh later enrolled for an MBA from Stanford University but dropped out. The Indira Gandhi administration threw open the doors of PFY (polyester filament yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani had applied for a license to set up a PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence. To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA. Mukesh Ambani, then dropped out to help his father and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.
In 2010, Mukesh Ambani was given an Hon.DSc (Doctor of Science Honoris Causa) degree by M.S University, Baroda.
Mukesh Ambani joined Reliance Industries in 1987. He initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production.
Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port and related infrastructure.
- Chairman, Indian Institute of Management Bangalore
- Member of Board of Governors UDCT, Mumbai
- Chairman, Managing Director, Chairman of Finance Committee and Member of Employees Stock Compensation Committee, Reliance Industries Limited
- Former Chairman, Indian Petrochemicals Corporation Limited
- Former Vice Chairman, Reliance Petroleum
- Chairman of the Board, Reliance Petroleum
- Chairman and Chairman of Audit Committee, Reliance Retail Limited.
- Chairman, Reliance Exploration and Production DMCC
- Director, Member of Credit Committee and Member of Compensation & Benefits Committee, Bank of America Corporation
- President Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
Awards and honors
|Year of Award or Honor||Name of Award or Honor||Awarding Organization|
|2000||Ernst & Young Entrepreneur Of The Year||Ernst & Young India|
|2010||Global Vision Award at The Awards Dinner||Asia Society|
|2010||Business Leader of the Year||NDTV India|
|2010||Businessman of the Year||Financial Chronicle|
|2010||School of Engineering and Applied Science Dean's Medal||University of Pennsylvania.|
|2010||Global Leadership Award||Business Council for International Understanding|
- Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs.
Mukesh is married to Nita Ambani and has three children. They live in a private 27-storey building in Mumbai named Antilia valued at US$1 billion and it is said to be the most expensive home in history. Even as RIL's total outgo towards remuneration to its all top management personnel, as also the sitting fees and commissions for its non-executive directors, increased during the fiscal year ended March 31, 2012, Mukesh decided to forgo nearly Rs 24 crore from his annual pay last fiscal as chief of Reliance Industries Ltd (RIL), keeping his salary capped at Rs 15 crore for the fourth year in a row.
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- Mukesh Ambani richest Indian with wealth of $21 billion: Forbes
- Van Riper, Tom. Forbes http://www.forbes.com/pictures/eddf45gffi/mukesh-ambani/#gallerycontent
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- Mumbai Indians owner Mukesh Ambani among richest sport owners. Cricic.com (2010-01-20). Retrieved on 2012-07-09.
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- Yardley, Jim (28 October 2010). "Soaring Above India's Poverty, a 27-Story Home". The New York Times.
- Jain's association with the Ambanis dates back to the time when he went to Hill Grange School with Mukesh and Anil http://m.intoday.in/story/anand-jain-a-bone-of-contention-between-the-ambani-brothers/1/194368.html
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- "Mukesh Ambani to pen RIL’s polyester-to-petrochem story". Ways2Trade Blog. Blogspot.com. Retrieved 17 October 2011.
- "M.S. University Confers Degree Of Doctor Of Science Honoris Causa To Mukesh Ambani". Retrieved october15, 2010.
- "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 29 March 2010.
- "Remarks by Mukesh D. Ambani Chairman and Managing Director, Reliance Industries Ltd., India". Global Business and Global Poverty Conference Stanford Graduate School of Business. Stanford Graduate School of Business. Retrieved 17 October 2011.
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- "Ernst & Young Entrepreneur Of The Year Award". Retrieved 10 June 2013.
- Mulgund, Shreyas. "Asia Society Awards Dinner Honors Mukesh Ambani, Jeffrey Immelt, and NY Philharmonic". Press Release on Asia Society. Asia Society. Retrieved 21 September 2011.
- Mulgund, Shreyas. "Winners of the NDTV Business Leadership Awards". Winners of the NDTV Business Leadership Awards. NDTV Convergence Limited. Retrieved 21 September 2011.
- Mulgund, Shreyas (30 December'2010). "FC Businessman of the Year: Mukesh Ambani". Financial Chronicle. Retrieved 21-September' 2011.
- "IMukesh Ambani awarded the Dean's Medal by University of Pennsylvania". Mukesh Ambani awarded the Dean's Medal by University of Pennsylvania. FORBES. Retrieved 9 January 2010.
- "BCIU Presents Dwight D. Eisenhower Global Awards to Mukesh D". Bloomberg. Retrieved 1 August 2012.
- "BCIU Gala".
- Mulgund, Shreyas. "The 100 Best-Performing CEOs in the World". Harvard Business Review. Harvard Business Publishing. Retrieved 21 September 2011.
- "Nita Sikbani". Da-is.org. Retrieved 9 February 2010.
- Kwek, Glenda (15 October 2010). "India's richest man builds first $2-billion home, Antilia,". The Age (Melbourne). Retrieved 28 October 2010.
- Mark Magnier (24 October 2010). "Mumbai billionaire's home boasts 27 floors, ocean and slum views". The Los Angeles Times.
- "Mukesh Ambani forgoes Rs 23.82 crore from his pay package - The Times of India". The Times Of India.
|Wikimedia Commons has media related to: Mukesh Ambani|
- Profile at Reliance Industries
- Profile at Forbes
- Mukesh Ambani collected news and commentary at Bloomberg News
- Mukesh Ambani collected news and commentary at The New York Times
- Mukesh Ambani collected news and commentary at The Wall Street Journal
- Mukesh Ambani collected news and commentary at The Economist
- Mukesh Ambani collected news and commentary at The Times of India
- Works by or about Mukesh Ambani in libraries (WorldCat catalog)
- Mukesh Ambani at the Notable Names Database